In the Disney movie Frozen, the Kingdom of Arendelle changes overnight from a warm, flower filled...
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In the Disney movie Frozen, the Kingdom of Arendelle changes overnight from a warm, flower filled place to being completely frozen (the story takes place in July). Just after this change in weather, there is a scene where two characters visit a trading post. At the trading post one character (Kristoff) is looking to buy winter transportation equipment and eventually sell some ice. The other character (Anna) is looking to buy some winter clothes. A link to the scene can be found in the module. For this assignment, please show how this change in weather would likely effect the markets for winter transportation equipment, winter clothes, and ice (assume the ice would be used by people who want to cool drinks). Specifically, draw a new supply or demand curve for the products and identify new equilibrium quantity or supply if you think the change in weather would have an impact on any of those measurements. Grading: The assignment is 10 points. Each graph is worth three points. The last question is worth one point. Winter Transportation Equipment Market (the rope and pick) Price Normal Summer Equilibrium Price Normal Summer Equilibrium Quantity S Quantity Winter Clothes Market (winter dress and winter boots) Price Normal Summer Equilibrium Price Normal Summer Equilibrium Quantity Quantity Ice Market (assume used for households to cool drinks) Price Normal Summer Equilibrium Price S Normal Summer Equilibrium Quantity Quantity In the clip Kristoff calls Oaken a crook for charging higher prices than he expected for the winter transportation equipment (the rope and pick). What do you think about that? In the Disney movie Frozen, the Kingdom of Arendelle changes overnight from a warm, flower filled place to being completely frozen (the story takes place in July). Just after this change in weather, there is a scene where two characters visit a trading post. At the trading post one character (Kristoff) is looking to buy winter transportation equipment and eventually sell some ice. The other character (Anna) is looking to buy some winter clothes. A link to the scene can be found in the module. For this assignment, please show how this change in weather would likely effect the markets for winter transportation equipment, winter clothes, and ice (assume the ice would be used by people who want to cool drinks). Specifically, draw a new supply or demand curve for the products and identify new equilibrium quantity or supply if you think the change in weather would have an impact on any of those measurements. Grading: The assignment is 10 points. Each graph is worth three points. The last question is worth one point. Winter Transportation Equipment Market (the rope and pick) Price Normal Summer Equilibrium Price Normal Summer Equilibrium Quantity S Quantity Winter Clothes Market (winter dress and winter boots) Price Normal Summer Equilibrium Price Normal Summer Equilibrium Quantity Quantity Ice Market (assume used for households to cool drinks) Price Normal Summer Equilibrium Price S Normal Summer Equilibrium Quantity Quantity In the clip Kristoff calls Oaken a crook for charging higher prices than he expected for the winter transportation equipment (the rope and pick). What do you think about that?
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Organizational Behaviour Concepts Controversies Applications
ISBN: 978-0132310314
6th Canadian Edition
Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward
Posted Date:
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